EXHIBIT 10.66
                                  -------------

                         CONVERSION PRIVILEGE OF LENDER


     WHEREAS  INTERNATIONAL  BROTHERHOOD  OF ELECTRICAL  WORKERS LOCAL UNION 105
(the  "Lender")  has  made  a  loan  advance  of  $500,000.00  U.S.  by way of a
Promissory  Note dated the 30th day of July,  2003, to  ACTIVECORE  TECHNOLOGIES
LTD. (the "BORROWER"),  a wholly-owned subsidiary of IVP TECHNOLOGY CORPORATION,
(the "CORPORATION");

     In  consideration  of said loan advance by the Lender to the Borrower,  and
such  other  good  and  valuable  consideration,  the  Corporation  does  hereby
undertake and agree with the Lender as follows:

     (1)  During the first two (2) years of the term of the loan  advance  under
the Promissory Note, at the sole option of the Lender, the Lender shall have the
right to  convert  the  outstanding  balance  due  under  the  Promissory  Note,
excluding  interest,  into common shares of the Corporation at a conversion rate
of 4.5 common shares for every U.S.  dollar of the loan balance  outstanding  at
the date of exercise of the conversion right.

     (2)  The parties  acknowledge  and agree that the  converted  common shares
shall  become free  trading  common  shares one (1) year after the loan  advance
date.  In the event that the  conversion  privilege is exercised  after one year
from the date of the  loan  advance,  then the  converted  common  shares  shall
immediately become free trading.

     DATED this /s/ 30th day of July, 2003.


                                 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS
                                 LOCAL UNION 105


                                 -----------------------------------------------
                                 Name:
                                 Title:



                                 -----------------------------------------------
                                 Name:
                                 Title:



                                 -----------------------------------------------
                                 Name:
                                 Title:




                                 IVP Technology Corporation

                                 /s/ Brian Macdonald
                                 -----------------------------------------------
                                 Authorized Signing Officer
                                 Brian MacDonald